Published 11 days ago • loading... • Updated 9 days ago

‘Utterly outrageous’: CFPB terminates expert witness contracts

The Trump and Musk administration has started layoffs at the Consumer Financial Protection Bureau , impacting nearly two dozen staff members responsible for consumer issues.
Acting CFPB Director Russell Vought has implemented a stop-work order and funding freeze, raising concerns about employee job security.
Critics, including Senator Elizabeth Warren, claim the administration's actions appear to protect Musk's business interests and create a conflict of interest.
The elimination of CFPB funding raises concerns about its ability to protect consumers from predatory practices in the financial industry.

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Upward News

The Trump Administration Seeks to Dismantle the CFPB

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9 days ago

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Gilbert Sun News

+2 Reposted by 2 other sources

SoloSettle Transforms Debt Settlement Amid Uncertainty Over CFPB Regulations

SAN FRANCISCO, Feb. 12, 2025 /PRNewswire/ -- Recent actions by President Donald Trump against the Consumer Financial Protection Bureau (CFPB) have sparked concerns over consumer protections and debt repayment. With potential restrictions on borrower protections, Americans may have fewer resources…

10 days ago

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RollingStone

This Consumer Protection Cop Was Just Thrown Off the Beat by DOGE

The Trump and Musk administration hollowed out the Consumer Financial Protection Bureau, removing the watchdogs who were “protecting people's money.”

10 days ago·Los Angeles, United States

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CNN

+2 Reposted by 2 other sources

‘Utterly outrageous’: CFPB terminates expert witness contracts

The Consumer Financial Protection Bureau has terminated contracts with multiple expert witnesses it had hired in cases against companies accused of hurting consumers.

10 days ago·Atlanta, United States

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The Week

Why Trump and Musk are shutting down the CFPB

The Trump administration's work to shut down the Consumer Financial Protection Bureau could hit American consumers in the wallet. It could also spare Elon Musk's business interests from unwanted federal attention.Just a few days before Musk's DOGE agents targeted the CFPB, the social media platform X launched a new payment system — X Money — that the "agency might have scrutinized," said The Washington Post. The bureau has "vast powers" to go af…

10 days ago·Washington, United States

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Alternet

Musk will personally profit from dismantling consumer protection agency: Ex-CFPB Official

President Trump has given yet more power to Elon Musk, who is now leading the effort to dismantle the Consumer Financial Protection Bureau. Created in response to the 2008 financial crisis, the CFPB helps enforce consumer financial laws for mortgages, credit cards and other financial products. We speak to a former CFPB staffer, Julie Margetta Morgan, who says the consumer watchdog has helped recover $21 billion lost to financial fraud and abuse …

10 days ago·Washington, United States

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